Credit Suisse : Embarking on a journey towards a capital-light and less volatile business
>Q3 2022 results with DTA impairment and lower than expected CET1 ratio - Along the strategic update, Credit Suisse reported Q3 2022 results which were held back by a CHF 3.7bn DTA impairment which led to a net loss of CHF 4,034m in the quarter vs CHF 413m consensus loss expectation. On a pre-tax level Credit Suisse lost CHF 342m vs. CHF 432m consensus loss expectation. CET1 ratio came down to 12.6% vs. 13.4% consensus estimate. The challenging market environment d...Credit Suisse is a financial services provider based in Switzerland. Co. is active as an integrated bank. Co. operates through two global divisions, Private Banking and Corporate & Institutional Banking. Co. offers comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients primarily domiciled in Switzerland. Co. maintains operations in three regionally focused divisions: Swiss Universal Bank, Asia Pacific and International Wealth Management serving Western Europe, Central and Eastern Europe, Latin America and Africa.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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